Popular memecoin Baby Doge Coin (BabyDoge) has jumped over 160% in the past 7 days, hitting an all-time high on December 10. The recent spikes in BabyDoge is majorly fuleded after an intentinal tweet from Elon Musk.
Market data shows that Baby Doge coin has surged more than 157% in the past 7 days alone with its price rally started on 7 December. This DOGE inspired memecoin is now trading near $0.000000006179 with a market cap of sitting at $965 million.
Baby Doge Coin is currently the 11th largest memecoin. It is also one of the largest traded memecoin in the past 24 hours with trading volume of over $1.4 billion.
With hitting the all-time high, BabyDoge also broke above $1 billion market cap earlier today. Usually, memecoins hitting this mark are considered going through a bullish phase.
Memecoins are once again gaining traction after cooling down for a month. As Bitcoin is now resting in the $90k range after hitting the historical mark of $100,000, several altcoins and memecoins are witnessing mammoth gains.
Read: CULT Memecoin Soars After $207M Airdrop to Milady NFT Holders
